I have high credit score. I need 30 or 25 year fixed rate mortgage using low doc method. I am retired. no incm

I am looking for best possible mortgage interest rate with no expese and no prepayment penalty. Who has this loan in San Jose <california.?.Thanks

Public Comments

1. No income, thats tough, so you need a no doc loan, you have to have good credit with good equity in the home if you are going to refinance, or if purchasing need to put anywhere from 10 to 20% down. Any lender can do this type of loan if you meet the criteria for it. Aurora, and Bear Stearns have these programs and have the best rates for that type of program. they also have a No income no assets <NINA> or No Income Verified Assets <NIVA>. put it like this the less info you provide the higher the rate, the more info you provide the lower the rate.
2. Majority of the Lenders/Banks still have these loans. You are looking for a A paper Lender who does Alt-A products. Since your product in unconventional. If you Loan to Value is at least 80% you can obtain such a mortgage at a decent rate. Any Mortgage Broker or Bank can get you this product. Stay away from the online service TREES they will sell your information and you will get calls for the next three years. HAPPY LIVING!
3. Hello, I can help you out with this loan. I have access to over 50 lenders. I can get this done for you as long as your credit score is above a 660. One thing the lender will be looking for in this case would be assets. Do you have any money in a 401k, checking, savings...etc.